If you’re a fan of fractional NFTs and are interested in collecting/creating them, you’ve probably come across them on Ommniverse. Thankfully, Ommniverse prioritizes lowering the entrance barrier to the NFT industry by making high-end, expensive NFTs available to small investors.
Today, this revolutionizing platform takes another step toward providing additional usefulness and benefits to its community by introducing its native $OMMI coin. This token will function as a utility token as well as a governance token. This token will launch on BitMart; a cryptocurrency exchange based in the Cayman Islands.
On February 6, 2023, the platform announced its much-anticipated and hyped IDO debut details on Twitter, asking more collectors and producers to engage in this marketplace.
According to a post, the new token $OMMI will provide access to premium features and pave the way for a one-of-a-kind Ommniverse Fractional NFT ecosystem.
The OMMI Token:
The OMMI token debuting on BitMart, is designed to have a tremendous utility beyond monetary use. This coin is an ERC-20 standard token with a maximum quantity of 6 million tokens that will be stored on the Ethereum network. 50% of NFT sales revenue will be burned. This will help to keep prices stable.
Furthermore, the security and functionality of the OMMI smart contract have been certified by the well-known audit firm Certik, ensuring the safety of users’ assets.
In terms of holding the OMMI token, this token will give holders and investors voting power in critical Ommniverse decisions. Moreover, users can stake their OMMI tokens.
Nonetheless, the advantages of holding the OMMI token will be greater for investors/collectors, including:
- All exchanges are accessible (since they will use the OMMU token)
- Participation in the NFT staking (locking) scheme while earning more APY with their OMMI tokens
- Taking advantage of rising OMMI token liquidity and staking returns
- With the network’s forthcoming agreements with other brands, users will be able to conduct transactions outside of the platform using the OMMI token.
The Launch:
Now if you’re interested in being a part of the OMM Universe and collecting OMMI tokens, this is your time to mark your calendars for the important dates and make it to the launch as an early investor. The launch’s important dates include:
- Deposit Feature: 03/01/2023 3:00 PM (UTC)
- Trade Feature: 03/03/2023 3:00 PM (UTC)
- Withdrawal Feature: 03/04/2023 3:00 PM (UTC)
All in all, the launch will begin at 10:00 a.m. EST on March 1st. The OMMI/USDT trading pair will also be available for investment. Investors will get 12 hours to purchase OMMI tokens at a once-in-a-lifetime 30% discount. Now the clocks already ticking, go collect some OMMI tokens now!